NVENT ELECTRIC PLC

NVT
Real-time Estimate Quote. Real-time Estimate  - 11/24 10:50:37 am
23.61USD +3.15%

NVent: 3Q Earnings Snapshot

10/30/2020 | 05:58am

LONDON (AP) _ NVent Electric PLC (NVT) on Friday reported a third-quarter loss of $138.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the London-based company said it had a loss of 82 cents. Earnings, adjusted for one-time gains and costs, were 45 cents per share.

The maker of electrical connection and protection products posted revenue of $509.3 million in the period.

For the current quarter ending in December, nVent expects its per-share earnings to range from 38 cents to 43 cents.

The company expects full-year earnings in the range of $1.46 to $1.51 per share.

NVent shares have decreased 30% since the beginning of the year. The stock has dropped 18% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVT at https://www.zacks.com/ap/NVT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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